Maxim Integrated Products Inc (MXIM) Files Form 4 Insider Selling : Edwin Medlin Sells 10,000 Shares

Maxim Integrated Products Inc (MXIM): Edwin Medlin , Senior VP, General Counsel of Maxim Integrated Products Inc sold 10,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $35.85 per share for a total value of $358,461.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Christopher J Neil (SENIOR VP) sold 20,000 shares at $35.83 per share price.On May 4, 2016, Tunc Doluca (PRESIDENT, CEO & DIRECTOR) sold 12,500 shares at $35.97 per share price.Also, On Apr 28, 2016, Matthew J Murphy (Executive VP) sold 4,143 shares at $38.00 per share price.On Apr 28, 2016, James R Bergman (director) sold 17,824 shares at $38.13 per share price.

Shares of Maxim Integrated Products (MXIM) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.48 points or -1.33% at $35.59 with 18,29,188 shares getting traded. Post opening the session at $35.92, the shares hit an intraday low of $35.49 and an intraday high of $36.015 and the price vacillated in this range throughout the day. The company has a market cap of $10,119 M and the number of outstanding shares has been calculated to be 28,43,10,220 shares. The 52-week high of Maxim Integrated Products is $42.18 and the 52-week low is $29.47.

Maxim Integrated Products Money Flow Index Chart

Company has been under the radar of several Street Analysts.Maxim Integrated Products is Reiterated by Drexel Hamilton to Buy and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $40 .The Rating was issued on Apr 22, 2016.Maxim Integrated Products is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $40 .The Rating was issued on Apr 22, 2016.Maxim Integrated Products is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Apr 19, 2016.Maxim Integrated Products is Downgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $35 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 8, 2016.Maxim Integrated Products is Initiated by Drexel Hamilton to Buy and the brokerage firm has set the Price Target at $40. The Rating was issued on Mar 2, 2016.

Maxim Integrated Products Inc. is engaged in designing developing manufacturing and marketing a range of linear and mixed-signal integrated circuits referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company’s products include switching regulators charge pumps linear regulators light-emitting diode drivers power switching transceivers level translators broadband switches current loop products real-time clocks data loggers and microcontrollers. The Company serves markets including communications and data center computing and consumer markets. Its communications and data center caters to base stations data storage servers telecommunications and other communications. Its computing caters to desktop computers notebook computers and peripherals. Its consumer products cater to smartphones digital cameras handheld computers home entertainment and appliances.

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Maxim Integrated Products - Is it time to Sell?

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